News Corp Australia posts $60.7m loss as pandemic takes toll on media
theguardian.comNews Corp Australia has posted a $60.7m loss as the pandemic exacerbates ongoing upheaval throughout the media industry.
The company blamed a $167m hit to advertising revenues on regional and community closures or digital transitions.
More than 220 Australian newsrooms have shrunk or vanished since the start of the pandemic, while 111 have opened or expanded.
The Public Interest Journalism Initiative (PIJI) collates public data for its Australian Newsroom Mapping Project. According to that data, since January 2019, News Corp Australia has had 116 “contractions”, most of which were the closure of mastheads or the cancellation of print editions. The figures show 20 News Corp newsrooms experienced growth with new websites, and it is understood an
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